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The Effects of Cybercrime on the Banking Sector in ASEAN

The Effects of Cybercrime on the Banking Sector in ASEAN
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Author(s): Cristi Spulbar (University of Craiova, Romania) and Ramona Birau (Constantin Brâncuși University of Targu Jiu, Romania)
Copyright: 2020
Pages: 19
Source title: Financial Technology and Disruptive Innovation in ASEAN
Source Author(s)/Editor(s): Muhammad Anshari (Universiti Brunei Darussalam, Brunei), Mohammad Nabil Almunawar (Universiti Brunei Darussalam, Brunei) and Masairol Masri (Universiti Brunei Darussalam, Brunei)
DOI: 10.4018/978-1-5225-9183-2.ch007

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Abstract

The main objective of this chapter is to investigate the effects of cybercrime on the banking sector in ASEAN. Global challenges on the evolution of cybercrime are in continuous dynamics in the case of emerging or developing countries, so that sustainable development plays an essential role. Moreover, the propagation effects can generate significant damages in the banking sector. Efficient bank management is essential in the context of providing advanced techniques for cyber security. Traditional cyber security measures are insufficient to ensure data protection and online information privacy. Consequently, investigations of cyber-criminal activity must become a priority especially in the context of globalization.

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